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Civitas Solutions: Fiscal 4Q Earnings Snapshot

Civitas Solutions: Fiscal 4Q Earnings Snapshot

BOSTON (AP) _ Civitas Solutions Inc. (CIVI) on Thursday reported a loss of $1.6 million in its fiscal fourth quarter.

The Boston-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The provider of group homes and home-based care for the developmentally disabled posted revenue of $409.5 million in the period.

For the year, the company reported profit of $14.9 million, or 40 cents per share. Revenue was reported as $1.6 billion.

Civitas Solutions expects full-year revenue in the range of $1.66 billion to $1.71 billion.

Civitas Solutions shares have decreased 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.64, a decline of 29 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIVI at https://www.zacks.com/ap/CIVI

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